ISLAMABAD, June 25 (Reuters) - Pakistan's parliament on Sunday approved the government's 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout funds.
The IMF in mid-June expressed dissatisfaction with the country's initial budget, saying it was a missed opportunity to broaden the tax base in a more progressive way.
The revised budget was approved a day after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts.
There are five days to go before the $6.5 billion Extended Fund Facility (EFF) agreed in 2019 expires on June 30.
The IMF has to review whether to release some of the $2.5 billion still pending to Pakistan before then.
Persons:
Ishaq Dar, Raja Pervaiz Ashraf, Dar, Shehbaz Sharif, Kristalina Georgieva, Asif Shahzad, Emelia Sithole
Organizations:
Sunday, International, Fund, IMF, Thomson
Locations:
ISLAMABAD, Pakistan, Paris